ParagonEX teams up with SignD to boost SignD Quantum solution

By Megha Bhattacharya

FinTech ParagonEX has partnered with Austrian regulatory technology provider SignD, adding a new product to its umbrella solution for CFD brokers – SignD Quantum, an automated solution for know-your-customer (KYC) verification. The new addition will enable ParagonEX and their clients to streamline operations by saving time on manually collecting and validating customer identity documentation, reduce human error and allow for faster trading beginning from newly registered clients. The KYC module is already up and running as an add-on to ParagonEX’s existing trading infrastructure, and brokerages using it can also add it to their business logic.

“We’re constantly refining our products, adding new features, and improving efficiency so that our clients can focus their efforts on looking after their customers. The current KYC addition greatly simplifies a tricky and time-consuming area of brokers’ day to day operations: anti-money laundering (AML) and KYC compliance. With this solution, brokers can save resources on identity checks, eliminate human error and increase efficiency across the board,” said ParagonEX’s CTO, Alex Scott, on behalf of ParagonEX.

Established in 2008, ParagonEX is an Isle of Man-based financial technology company aiming to provide an off-the-shelf, robust trading platform and back-office solution to brokers. Its solutions are today in use throughout Europe, Australia, and the Middle East.